AppFolio Q3 revenue up 31% to $125.1M; units served exceed 7.1M; GAAP loss $7.8M

APPFOLIO INC

2022-Q3 EPS reported -$1.39 revenue$347,825,000

Revenue $125.1M (+31% YoY); non-GAAP op income $4.7M vs $3.8M in Q3 2021.
Units on Property Manager platform ~7.1M, up from 6.0M YoY (second consecutive quarter of >1M unit growth).
GAAP loss from operations $7.8M (6% of revenue) vs break-even in Q3 2021.
Non-GAAP free cash flow $11.9M (10% of rev) vs $6.8M (7%) in prior year; cash and securities $184.5M.
FY 2022 outlook: revenue $462-466M, non-GAAP op margin loss 1.5-2.5%, weighted shares ~35M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

APPFOLIO INC reported fiscal year 2022 results: revenue $462 million to $466 million. Guidance reaffirmed.

Period: fiscal year 2022
Revenue: $462 million to $466 million
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

Full year revenue is expected to be in the range of $462 million to $466 million.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

APPFOLIO INC reported third quarter ended September 30, 2022 results: revenue $125.1 million.

Period: third quarter ended September 30, 2022
Revenue: $125.1 million
Result: reported results

Exact text from the filing

Total revenue was $125.1 million in the third quarter of 2022, a 31% increase from $95.8 million in the third quarter of 2021.

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Source: SEC EDGAR

accession 0001433195-22-000110

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